I will be flying into KC in a few week for a side work project.

Likely I will hire the attorney again, just to be on the safe side.

Getting neighbors on your side is an enormous bonus!

In 2010 if you bought a property in CA or DC which are my markets, I could do a Cash-out at year one and have another $40K in equity 12 months later following that cash-out, The risk was mitigated by the hot markets.

She had one side of a duplex and her brother rented the other one. 

I was hot with a barrage (helpful) that I would be breaking the law unless I and/or he had a real estate license.

We planned for that by not counting on the properties for cash flow and having 25K in savings for expenses (still on the low side). 

I've been in the real estate world (agent) for a few months now and I'm real anxious to start dabbling in the investment side.

With that knowledge, I was able to confidently invest in a SFH that only needed minor repairs to become rentable, to gain immediate cash flow, as I waited for the market to appreciate.The goal was to buy and sell within one year.Breakdown: Purchase date: 6/30/2017 Listed: $60,000 Under Contract (as the Buyer): $55,000 Acquisition Price: $46,250 Renovation Cost: $1,955 Total investment: $48,205 Ten months after the purchase, we are under contract on the selling side at $65,000.

Use around $20k for fixing like siding, roofing, driveway, etc.